Bitcoin experienced significant volatility last week, initially rising 4.7% to retest its previous high of $109,590. However, the optimism was short-lived as geopolitical tensions escalated following Israel's unexpected attack on Iran on June 13, leading to a global market downturn. Bitcoin subsequently fell 7.33%, closing the week lower as rising oil prices and macroeconomic uncertainties dampened investor sentiment. The market saw a notable shift in trader behavior, with Bitcoin's net buying volume dropping to -$197 million, the lowest since June 6, indicating a strong sell-off. This sell-off, alongside increased liquidation volumes, mirrors past capitulation events that often signal local market bottoms. Analysts suggest that if Bitcoin maintains the $102,000 to $103,000 range, it could indicate that selling pressure is being absorbed, potentially setting the stage for a recovery, provided geopolitical risks do not escalate further.